The Government is currently considering two bids for the project: an unsolicited one from NZ Infra, a joint venture between the New Zealand Super Fund and Canada's CDPQ Infra group, and one from the NZ Transport Agency.
Transport Minister Phil Twyford said that the project had been delayed by six to eight months following NZTA's failure to conduct an assessment of the bids after Cabinet asked for one.
Concerns have also been raised about potential cost blow-outs, with Deputy Prime Minister Winston Peters saying yesterday that a credible source in the transport sector had told him to be on the alert for such blowouts.
Labour campaigned in 2017 on building light rail in Auckland from the city to the airport, estimating at the time that it would cost $4b - based on the NZTA proposal.
This morning Prime Minister Jacinda Ardern would not be drawn on reports that the NZ Infra proposal could cost $10b, or whether it was more about heavy rail than light rail.
Bridges, a former Transport Minister, said the NZ Infra proposal was "deeply cynical" and if National won the 2020 election, it would pull out if no contract had been signed.
"They're effectively trying to take [NZ] Super profits off a gullible Government and laugh themselves all the way to the bank.
"Even on the NZ Infra proposal, they're talking about a construction start time of 2025 ... I'd say we won't see this start until the late 2020s."
He preferred extending heavy rail from Puhinui into the CBD from the airport, which he said would cost about $1b.
He criticised Twyford for taking so long to choose between an urban regeneration rail line with many stops or a rapid transit line with fewer ones.
"All my sources, and I've got many in the Transport sector, that what's actually gone on here is that Phil Twyford has not for two years been able to make his mind up."
Twyford said they were not mutually exclusive, and high-quality rapid transit corridors would see more housing and retail outlets to help regenerate urban areas.
The rail line in the NZ Infra bid would see someone leave the CBD and be at the airport in under 30 minutes, he said.
"That kind of speed on a critical part of the rapid transit network would have a major impact on Auckland's congestion.
"It's about delivering the mobility in our biggest city. It's about moving large numbers of people across the city."